Alibaba Eyeing a November Hong Kong Listing as U.S. – China Tensions Ratchet up

Alibaba Eyeing a November Hong Kong Listing as U.S. – China Tensions Ratchet up

5 years ago
Anonymous $xdcOWPpsb_

https://wccftech.com/alibaba-eyeing-a-november-hong-kong-listing-as-u-s-china-tensions-ratchet-up/

Reuters has reported that Alibaba (NYSE:BABA), the Chinese tech behemoth, is resuming its plans to list on the Honk Kong Stock Exchange in order to raise up to $15 billion. The listing was placed on hiatus in August in the wake of political turmoil that has gripped the city for weeks now.

According to details revealed by internal sources, Alibaba – which is already listed on the New York Stock Exchange – will submit a formal petition for a listing to the Hong Kong Exchanges and Clearing Ltd. (HKG:0388) following the conclusion of the online retail frenzy associated with the Chinese e-commerce giant’s much-anticipated annual Singles Day slated for November 11th. The actual offering, therefore, may take place in late November or early December.